Form 4 for ONIT ONITY GROUP INC.
Accepted 2023-04-03 00:00:00 ET · period of report 2023-03-30 · accession 0001493152-23-010628 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-04-03 | 2023-03-30+ | ONIT | Anderson Scott William | EVP, Chief Servicing Off | M - OptEx | — | +21.1K | 17.9K | New | — |
| DM | 2023-04-03 | 2023-03-30 | ONIT | Anderson Scott William | EVP, Chief Servicing Off | D - Sale to Iss | — | -18.0K | 14.6K | -55% | — |
| D | 2023-04-03 | 2023-03-31 | ONIT | Anderson Scott William | EVP, Chief Servicing Off | F - Tax | $27.12 | -1,205 | 16.5K | -7% | -$32.7K |
| DM | 2023-04-03 | 2023-03-30+ | ONIT | Anderson Scott William | EVP, Chief Servicing Off | M - OptEx | $0.00 | -21.1K | 6,128 | -77% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-03-31 | M | A | 3,063 | — | 17,672 | D | — | — | (F4) On March 31, 2022, the reporting person was granted 9,191 restricted stock units scheduled to vest in three approximately equal annual installments on the first, second, and third anniversaries of grant, subject to the reporting person's continued employment and certain other conditions. |
| 2 | Common | Common Stock | 2023-03-30 | D | D | 14,689 | — | 14,609 | D | — | — | (F2) On March 30, 2020, the reporting person was granted a target of 10,000 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020. On March 30, 2023, the award vested at 147% of target based on the relative ranking of the Issuer's absolute total shareholder return compared to the absolute total shareholder return of companies within the Issuer's pre-established peer group at designated measurement periods. The transaction reported reflects the settlement in cash pursuant to the terms of the award of 14,689 restricted stock units that vested pursuant to the award on March 30, 2023. On March 30, 2023, the closing price of OCN common stock was $25.92. |
| 3 | Common | Common Stock | 2023-03-30 | M | A | 14,689 | — | 29,298 | D | — | — | (F2) On March 30, 2020, the reporting person was granted a target of 10,000 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020. On March 30, 2023, the award vested at 147% of target based on the relative ranking of the Issuer's absolute total shareholder return compared to the absolute total shareholder return of companies within the Issuer's pre-established peer group at designated measurement periods. The transaction reported reflects the settlement in cash pursuant to the terms of the award of 14,689 restricted stock units that vested pursuant to the award on March 30, 2023. On March 30, 2023, the closing price of OCN common stock was $25.92. |
| 4 | Common | Common Stock | 2023-03-30 | D | D | 3,334 | — | 14,609 | D | — | — | (F1) On March 30, 2020, the reporting person was granted 10,000 restricted stock units scheduled to vest in three approximately equal installments on the first, second, and third anniversaries of grant. Each restricted stock unit represents a contingent right to receive a cash payment equal to the closing price of one share of OCN common stock on the applicable vesting date. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020. The transaction reported reflects the settlement in cash pursuant to the terms of the award of 3,334 restricted stock units that vested pursuant to the award on March 30, 2023. On March 30, 2023, the closing price of OCN common stock was $25.92. |
| 5 | Common | Common Stock | 2023-03-30 | M | A | 3,334 | — | 17,943 | D | — | — | (F1) On March 30, 2020, the reporting person was granted 10,000 restricted stock units scheduled to vest in three approximately equal installments on the first, second, and third anniversaries of grant. Each restricted stock unit represents a contingent right to receive a cash payment equal to the closing price of one share of OCN common stock on the applicable vesting date. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020. The transaction reported reflects the settlement in cash pursuant to the terms of the award of 3,334 restricted stock units that vested pursuant to the award on March 30, 2023. On March 30, 2023, the closing price of OCN common stock was $25.92. |
| 6 | Common | Common Stock | 2023-03-31 | F | D | 1,205 | $27.12 | 16,467 | D | — | — | |
| 7 | Derivative | Restricted Stock Units | 2023-03-30 | M | D | 3,334 | $0.00 | 0 | D | — · — to — | 3,334 Common Stock | (F1) On March 30, 2020, the reporting person was granted 10,000 restricted stock units scheduled to vest in three approximately equal installments on the first, second, and third anniversaries of grant. Each restricted stock unit represents a contingent right to receive a cash payment equal to the closing price of one share of OCN common stock on the applicable vesting date. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020. The transaction reported reflects the settlement in cash pursuant to the terms of the award of 3,334 restricted stock units that vested pursuant to the award on March 30, 2023. On March 30, 2023, the closing price of OCN common stock was $25.92. (F3) Not applicable. |
| 8 | Derivative | Restricted Stock Units | 2023-03-30 | M | D | 14,689 | $0.00 | 0 | D | — · — to — | 14,689 Common Stock | (F2) On March 30, 2020, the reporting person was granted a target of 10,000 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020. On March 30, 2023, the award vested at 147% of target based on the relative ranking of the Issuer's absolute total shareholder return compared to the absolute total shareholder return of companies within the Issuer's pre-established peer group at designated measurement periods. The transaction reported reflects the settlement in cash pursuant to the terms of the award of 14,689 restricted stock units that vested pursuant to the award on March 30, 2023. On March 30, 2023, the closing price of OCN common stock was $25.92. (F3) Not applicable. |
| 9 | Derivative | Restricted Stock Units | 2023-03-31 | M | D | 3,063 | $0.00 | 6,128 | D | — · — to — | 3,063 Common Stock | (F4) On March 31, 2022, the reporting person was granted 9,191 restricted stock units scheduled to vest in three approximately equal annual installments on the first, second, and third anniversaries of grant, subject to the reporting person's continued employment and certain other conditions. (F3) Not applicable. |